https://www.taxtmi.com/caselaws?id=114471 Where an assessee disclosed its valuation method in approved price lists and the department was already aware of the material facts through correspondence and audit material, suppression of facts was not established. The extended period of limitation could not therefore be invoked merely because the valuation basis was later disputed, and the demand was time-barred. As the demand fell outside the permissible limitation period, the duty demand and related penalties were set aside. en-us Fri, 09 Jul 2004 00:00:00 +0530 Tue, 15 May 2012 18:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114471 Where an assessee disclosed its valuation method in approved price lists and the department was already aware of the material facts through correspondence and audit material, suppression of facts was not established. The extended period of limitation could not therefore be invoked merely because the valuation basis was later disputed, and the demand was time-barred. As the demand fell outside the permissible limitation period, the duty demand and related penalties were set aside. Case-Laws Central Excise Fri, 09 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114471